The nine-member Rent Guidelines Board (RGB) voted Tuesday to raise rents by 3.25 percent on one-year leases and by 5 percent on two-year leases, the highest increase for rent-stabilized…
Some 1,121 babies were born into the Department of Homeless Services’ (DHS) shelter system last fiscal year, and a disproportionate number of low-income New Yorkers depend at least in part…
The new budget directs $2.4 billion to homeless services in the coming fiscal year, invests billions more in housing over the next decade and funds an increase to rental assistance…
When COVID-19 hit, policymakers saw an opportunity: The city had interconnected affordable housing and homelessness crises; the city also had hundreds of empty hotels hemorrhaging cash. But a year after…
“Even in this wealthiest of American cities, fiscal austerity is too often the implicit mantra, as core government services remain starvation diets while wealthy institutions fatten themselves. That works well…
“Ultimately it further stratifies our city, which is already full of haves and have-nots, and leaves a generation of young folks without the necessary conduit to refine their workforce development…
Non-profit developers and tenants rights advocates have also been sounding the alarm on the need to create more income-restricted apartments across the five boroughs and to keep existing renters stably…
” We propose a new hybrid financing model that would combine a land value tax (LVT) and community land trusts (CLTs) to address New York’s changing fiscal environment as well…
Corporations exist to make profit. In the housing context, corporate landlords extract as much profit from their investments as possible. The results are rent increases, cost-cutting on building maintenance, reductions…
Our elected leaders can bring about meaningful improvement in the economies of particular places through policies that address what we’ve learned from the shortcomings of the Opportunity Zone incentive and…
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